M.S. In Mathematical Finance

Master of Science in Mathematical Finance

The financial industry is vast, and so is the need for specialized quantitative professionals with a practical understanding of mathematics and financial instruments who are prepared to work with real-life data, analyze and model, and embark on a challenging and well-rewarded career.

The University of Miami’s Master of Science in Mathematical Finance (MSMF)

Offered by the University of Miami (UM) College of Arts & Sciences, the MSMF degree positions you for advancement in the field of quantitative and computational finance. It opens career opportunities in:

UM’s MSMF can be completed in 3 semesters or less than 18 months.The courses you will take cover a broad array of topics and prepare you for success in the worlds of finance, risk management, and financial computing. Our top rated faculty, together with our Advisory Board made up of senior professionals from the industry, bring expertise from various segments of the financial community and ensure the curriculum is effective for today’s financial landscape.

Fast Facts

• Begin in August (2017 fall semester) for a total of 3 semesters (fall 2017, spring 2018 and fall 2018)

Our MSMF Advisory Board members are high-level leaders in the financial industry. You will be connected to the industry practitioners who ensure your curriculum is up-to-date and relevant. Click for details +

Core Course Descriptions

The core of the program consists of six Mathematics courses and two Finance courses (22 credits total). These courses are designed to provide the necessary mathematical and statistical foundations of the degree.

MTH 642: Statistical Analysis, 3 credits. Statistical inference about one or two populations from interval, ordinal, and categorical data; analysis of variance; simple and multiple linear regression; designing research studies.

FIN 650: Financial Investments, 2 credits. This course builds on FIN 641 and FIN 642 to provide a more advanced knowledge of the field of investments, particularly the fixed income markets, portfolio construction, asset pricing, and behavioral biases affecting financial decisions.

FIN 651: Advanced Topics in Investments, 2 credits. This course is about applying finance theory to the practice of investments. Topics include building a term structure model, building a fixed income portfolio, performance standards and measurement, and the role of futures and options in portfolios.

Admissions Process

Application Checklist

* Complete an online application. * Pay application fee as part of your online application (currently $65) * Provide official GRE scores. Note that the GRE scores can be at most 5 year old. * Provide official TOEFL score, if your native language is not English * Provide 2 letters of reference. * Provide a resume with exact dates of employment (note: work experience is NOT required for MSMF) * Provide official transcripts from all undergraduate institutions attended. * Provide a purpose statement: In 300 words or less, describe your area of interest and what your goals are upon completion of the MSMF program.

DEADLINE TO APPLY: For full consideration we encourage applicants to have application materials submitted by March 15, 2017. Send paper documents to:

Tuition and scholarships available

The three semester MSMF program requires between 34 and 40 credits. Tuition for students starting the program during the fall of 2017 is $1,940/credit*. * Projected amount, subject to change. All students accepted for the fall of 2017 are eligible for scholarships (typically a tuition waiver worth 25% - 30% of tuition).

"A successful quant is one with three main weapons: programming fluency, ability to understand mathematical models and a feel for the data. One can build a fulfilling career just by being strong in one of these areas, and our program will aim to make you good in all three."- Dr. Alexander Dvorsky, MSMF Program Director

"Mathematical models increasingly drive the future of global financial markets. University of Miami, with its location in metropolitan South Florida, is perfectly positioned to teach the requisite quantitative skills." - Rao Parlapalli, MSMF Advisory Board Member (AlphaCrest Capital Management)